AMAY BLUES: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
AMAY BLUES
Largest movements
- Cash +€559,750
up €559,750 (+71.2%), from €786,014 to €1.3m
mainly Trade debts (+€306,179) and Current portion of long-term debt (+€148,706)
- Stocks and contracts -€30,000
down €30,000 (-4.7%), from €642,819 to €612,819
- Receivables within one year -€21,820
down €21,820 (-13.3%), from €164,439 to €142,619
of which Other amounts receivable: -€23,656
- Trade debts +€306,179
up €306,179 (+35.0%), from €873,910 to €1.2m
- Current portion of long-term debt +€148,706
new in 2025: €148,706
- Profit (loss) carried forward +€144,485
up €144,485 (+320%), from €45,106 to €189,591
- Tax, wage and social debts -€32,715
down €32,715 (-7.0%), from €470,073 to €437,358
of which Remuneration and social security: -€60,848
- Short-term financial debts -€25,000
no longer reported in 2025 (was €25,000)
- Gross operating margin +€1.4m
up €1.4m (+151%), from €954,921 to €2.4m
- Staff costs +€1.3m
up €1.3m (+148%), from €880,321 to €2.2m
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,620,830 | €2,161,522 | +€540,692 | +33.4% |
| Fixed assets | 21/28 | €21,935 | €34,514 | +€12,580 | +57.4% |
| Tangible fixed assets | 22/27 | €21,935 | €34,514 | +€12,580 | +57.4% |
| Plant, machinery and equipment | 23 | €18,128 | €14,690 | -€3,438 | -19.0% |
| Furniture and vehicles | 24 | €2,553 | €4,271 | +€1,718 | +67.3% |
| Other tangible fixed assets | 26 | €1,254 | €15,553 | +€14,300 | +1,140% |
| Current assets | 29/58 | €1,598,895 | €2,127,008 | +€528,113 | +33.0% |
| Amounts receivable after more than one year | 29 | - | €10,800 | +€10,800 | |
| Trade receivables | 290 | - | €10,800 | +€10,800 | |
| Stocks and contracts in progress | 3 | €642,819 | €612,819 | -€30,000 | -4.7% |
| Stocks | 30/36 | €642,819 | €612,819 | -€30,000 | -4.7% |
| Amounts receivable within one year | 40/41 | €164,439 | €142,619 | -€21,820 | -13.3% |
| Trade receivables | 40 | €98,099 | €99,935 | +€1,836 | +1.9% |
| Other amounts receivable | 41 | €66,340 | €42,684 | -€23,656 | -35.7% |
| Cash at bank and in hand | 54/58 | €786,014 | €1,345,764 | +€559,750 | +71.2% |
| Deferred charges and accrued income | 490/1 | €5,624 | €15,006 | +€9,382 | +167% |
| Total equity and liabilities | 10/49 | €1,620,830 | €2,161,522 | +€540,692 | +33.4% |
| Equity | 10/15 | €245,106 | €389,591 | +€144,485 | +58.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,106 | €189,591 | +€144,485 | +320% |
| Amounts payable | 17/49 | €1,375,724 | €1,771,931 | +€396,207 | +28.8% |
| Amounts payable within one year | 42/48 | €1,371,709 | €1,768,254 | +€396,545 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | - | €148,706 | +€148,706 | |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €873,910 | €1,180,088 | +€306,179 | +35.0% |
| Suppliers | 440/4 | €873,910 | €1,180,088 | +€306,179 | +35.0% |
| Taxes, remuneration and social security | 45 | €470,073 | €437,358 | -€32,715 | -7.0% |
| Taxes | 450/3 | €67,750 | €95,883 | +€28,133 | +41.5% |
| Remuneration and social security | 454/9 | €402,323 | €341,475 | -€60,848 | -15.1% |
| Other amounts payable | 47/48 | €2,726 | €2,101 | -€625 | -22.9% |
| Accrued charges and deferred income | 492/3 | €4,015 | €3,678 | -€338 | -8.4% |
| Remuneration, social security and pensions | 62 | €880,321 | €2,187,223 | +€1.3m | +148% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,037 | €5,280 | +€4,243 | +409% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €479 | -€46 | -€524 | |
| Gross operating margin | 9900 | €954,921 | €2,395,298 | +€1.4m | +151% |
| Operating profit (loss) | 9901 | €72,697 | €202,441 | +€129,744 | +178% |
| Financial income | 75/76B | €341 | €7,046 | +€6,705 | +1,967% |
| Recurring financial income | 75 | €341 | €7,046 | +€6,705 | +1,967% |
| Financial charges | 65/66B | €13,942 | €31,343 | +€17,401 | +125% |
| Recurring financial charges | 65 | €13,942 | €31,343 | +€17,401 | +125% |
| Profit (loss) for the period before taxes | 9903 | €59,096 | €178,144 | +€119,048 | +201% |
| Income taxes | 67/77 | €13,990 | €33,659 | +€19,669 | +141% |
| Profit (loss) for the period | 9904 | €45,106 | €144,485 | +€99,380 | +220% |
| Profit (loss) for the period to be appropriated | 9905 | €45,106 | €144,485 | +€99,380 | +220% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.